Tricore Laboratory Services Corporation
Tricore Laboratory Services Corporation consistently balances revenue and expenses with zero reported officer compensation.
EIN: 201358178 · Albuquerque, NM · NTEE: E192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $128.1M |
| Total Expenses | $122.9M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $120 |
| Net Assets | $13.4M |
| Transparency Score | 90/100 |
Is Tricore Laboratory Services Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tricore Laboratory Services Corporation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tricore Laboratory Services Corporation
Tricore Laboratory Services Corporation (EIN: 201358178) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code E192. The organization reported total revenue of $128.1M and total assets of $23.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tricore Laboratory Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tricore Laboratory Services Corporation is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122.9M |
| Total Expenses | $122.9M |
| Surplus / Deficit | +$0 |
| Total Assets | $24.4M |
| Total Liabilities | $11.0M |
| Net Assets | $13.4M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 44.9% |
| Months of Reserves | 2.4 months |
Financial Health Grade: B
In 2023, Tricore Laboratory Services Corporation reported a surplus of $0 with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 44.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tricore Laboratory Services Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | -6.3% | -8.4% |
| 2022 | +10.6% | +10.6% | +46.0% |
| 2021 | +9.9% | +9.9% | +6.6% |
| 2020 | +13.7% | +14.9% | +12.7% |
| 2019 | +5.4% | +6.4% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tricore Laboratory Services Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Tricore Laboratory Services Corporation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with over $120 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Tricore Laboratory Services Corporation's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may indicate compensation through an affiliated entity, potentially obscuring the full picture of executive pay.
Strengths
The following positive indicators were identified for Tricore Laboratory Services Corporation:
- Consistent balancing of revenue and expenses, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting a high dedication to mission.
- Healthy growth in assets over the past decade, from $11.8M in 2014 to $24.3M in 2023.
- Stable financial position with manageable liabilities relative to assets.
Frequently Asked Questions about Tricore Laboratory Services Corporation
Is Tricore Laboratory Services Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tricore Laboratory Services Corporation (EIN: 201358178) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Tricore Laboratory Services Corporation spend its money?
Tricore Laboratory Services Corporation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tricore Laboratory Services Corporation tax-deductible?
Tricore Laboratory Services Corporation is registered as a tax-exempt nonprofit (EIN: 201358178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tricore Laboratory Services Corporation CEO make?
Tricore Laboratory Services Corporation's highest-compensated officer earns $120 annually. The organization reported $128.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Tricore Laboratory Services Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tricore Laboratory Services Corporation is above average for NTEE category E192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tricore Laboratory Services Corporation located?
Tricore Laboratory Services Corporation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 201358178. It is classified under NTEE code E192.
How many years of IRS 990 filings does Tricore Laboratory Services Corporation have?
Tricore Laboratory Services Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $128.1M in total revenue.
Is Tricore Laboratory Services Corporation a good charity?
Based on the available IRS 990 data, Tricore Laboratory Services Corporation appears to be a well-managed organization with strong financial health, consistent revenue, and a notable commitment to zero officer compensation, which suggests a high dedication to its mission.
How does Tricore manage to have 0% officer compensation?
The filings consistently report 0% officer compensation. This could indicate that executive leadership is compensated by an affiliated entity, or they are volunteers, which would be highly unusual for an organization of this scale. Further investigation into their organizational structure and affiliations would be necessary to fully understand this.
What is the trend in Tricore's assets and liabilities?
Tricore's assets have generally increased from $11,814,458 in 2014 to $24,397,024 in 2023, while liabilities have fluctuated but remained manageable relative to assets, indicating a stable financial position.
Filing History
IRS 990 filing history for Tricore Laboratory Services Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tricore Laboratory Services Corporation's revenue has grown by 71.1%, moving from $71.9M to $122.9M. Total assets increased by 62.4% over the same period, from $15.0M to $24.4M. Total functional expenses rose by 74.8%, from $70.3M to $122.9M. In its most recent filing year (2023), Tricore Laboratory Services Corporation reported a surplus of $0, with revenue exceeding expenses. The organization holds $11.0M in liabilities against $24.4M in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $13.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122.9M | $122.9M | $24.4M | $11.0M | — | — |
| 2022 | $131.2M | $131.2M | $26.6M | $13.2M | — | View 990 |
| 2021 | $118.6M | $118.6M | $18.3M | $4.8M | — | View 990 |
| 2020 | $107.9M | $107.9M | $17.1M | $3.7M | — | View 990 |
| 2019 | $94.9M | $93.9M | $15.2M | $1.7M | — | View 990 |
| 2018 | $90.0M | $88.3M | $14.7M | $2.2M | — | View 990 |
| 2017 | $89.2M | $87.5M | $14.6M | $3.9M | — | — |
| 2016 | $84.2M | $84.2M | $13.8M | $4.8M | — | View 990 |
| 2015 | $79.8M | $81.2M | $11.9M | $2.9M | — | View 990 |
| 2014 | $76.1M | $77.7M | $11.8M | $1.4M | — | View 990 |
| 2013 | $75.6M | $77.4M | $13.7M | $1.8M | — | View 990 |
| 2012 | $74.3M | $74.3M | $15.0M | $1.3M | — | View 990 |
| 2011 | $71.9M | $70.3M | $15.0M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122.9M, expenses of $122.9M, and assets of $24.4M (revenue -6.3% year-over-year).
- 2022: Revenue of $131.2M, expenses of $131.2M, and assets of $26.6M (revenue +10.6% year-over-year).
- 2021: Revenue of $118.6M, expenses of $118.6M, and assets of $18.3M (revenue +9.9% year-over-year).
- 2020: Revenue of $107.9M, expenses of $107.9M, and assets of $17.1M (revenue +13.7% year-over-year).
- 2019: Revenue of $94.9M, expenses of $93.9M, and assets of $15.2M (revenue +5.4% year-over-year).
- 2018: Revenue of $90.0M, expenses of $88.3M, and assets of $14.7M (revenue +0.9% year-over-year).
- 2017: Revenue of $89.2M, expenses of $87.5M, and assets of $14.6M (revenue +6.0% year-over-year).
- 2016: Revenue of $84.2M, expenses of $84.2M, and assets of $13.8M (revenue +5.5% year-over-year).
- 2015: Revenue of $79.8M, expenses of $81.2M, and assets of $11.9M (revenue +4.8% year-over-year).
- 2014: Revenue of $76.1M, expenses of $77.7M, and assets of $11.8M (revenue +0.8% year-over-year).
- 2013: Revenue of $75.6M, expenses of $77.4M, and assets of $13.7M (revenue +1.7% year-over-year).
- 2012: Revenue of $74.3M, expenses of $74.3M, and assets of $15.0M (revenue +3.4% year-over-year).
- 2011: Revenue of $71.9M, expenses of $70.3M, and assets of $15.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tricore Laboratory Services Corporation:
Data Sources and Methodology
This transparency report for Tricore Laboratory Services Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.